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Pasinex Resources ( (TSE:PSE) ) has issued an update.
Pasinex Resources Limited announced that its Turkish subsidiary, Pasinex Arama ve Madencilik A.Ş., has signed an Addendum to the Option & Share Purchase Agreement, moving towards full ownership of the Sarıkaya zinc project in Türkiye. This agreement aligns payments with project milestones and sets a clear path for the share transfer of Aydın Teknik, the license holder, to Pasinex Arama. The project is expected to enhance Pasinex’s zinc portfolio with its high-grade mineralization potential. The company plans to begin adit work in late 2025 and start mining by mid-2026, aiming to unlock significant long-term value for shareholders.
Spark’s Take on TSE:PSE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PSE is a Underperform.
Pasinex Resources is under severe financial pressure with no revenue and high leverage, which are significant red flags. Strong technical indicators provide some short-term price momentum, but the negative valuation and financial performance outweigh these positive signals, resulting in a low overall score.
To see Spark’s full report on TSE:PSE stock, click here.
More about Pasinex Resources
Pasinex Resources Limited is a company operating in the mining industry, focusing on zinc exploration and production. The company is expanding its portfolio of high-grade zinc deposits in Türkiye, with projects such as the Sarıkaya zinc project and the Pinargözü mine.
Average Trading Volume: 92,200
Technical Sentiment Signal: Buy
Current Market Cap: C$12.29M
Learn more about PSE stock on TipRanks’ Stock Analysis page.